secwatch.observer — SEC 8-K summary
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Issuer:     Karbon-X Corp. (KARX)
CIK:        0001729637
Form:       8-K
Filed at:   2026-06-05T20:59:02+00:00
Accession:  0001477932-26-003674
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Karbon-X appoints Chad Clovis as CEO with $450K base, 1.5M options, $150K milestone bonus
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- Chad Clovis appointed CEO of Karbon-X effective May 18, 2026 with base compensation of $450,000 per year.
- Executive granted 1,500,000 stock options under 2024 Stock Option Plan and eligible for $150,000 bonus upon NASDAQ listing or change of control.
- Severance includes continuation of base salary for 12 months if terminated without cause; double that period for change-in-control termination.
- Clovis operates as independent contractor, not employee; no personal liability for company debts.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1729637/000147793226003674/0001477932-26-003674-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1729637/000147793226003674/karx_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-26-003674

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